Is Washington-Chappell Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington-Chappell Hill is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Washington-Chappell Hill was a Seller's Market.

Key Takeaway

Washington-Chappell Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Washington-Chappell Hill, TX

How much do homes in Washington-Chappell Hill, TX cost?

Median Sold Price

$515,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$80,000(-13.4%)

Key Takeaway

Homes in Washington-Chappell Hill have sold for 13.4% less than they did a year ago.

Summary: The median home sold price in Washington-Chappell Hill was $515,000 in November 2024, down 13.4% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$397.5K
N/A
2 $365K$525.5K
+44.0%
3 $604K$492.5K
-18.5%
4 $645.5K$610K
-5.5%
5+ $1.5M$1.8M
+19.4%

Summary: Washington-Chappell Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Cities

South Brazos
+6.7%
Chappell Hill
-10.8%
Gay Hill-Independence
-13.2%
Washington-Chappell Hill
-13.4%

Housing Supply in Washington-Chappell Hill, TX

How many homes are available in Washington-Chappell Hill, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
22220.0%

Summary: The Washington-Chappell Hill real estate market had 22 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 44
0.0%
3 1210
-16.7%
4 45
+25.0%
5+ 11
0.0%

Summary: The Washington-Chappell Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington-Chappell Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Washington-Chappell Hill in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Washington-Chappell Hill, TX

How long does it take to sell a home in Washington-Chappell Hill, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days66 Days+91.4%

Summary: Homes in Washington-Chappell Hill had an average of 66 days on market in Nov 2024, up by 91.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington-Chappell Hill are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Washington-Chappell Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Washington-Chappell Hill, TX

Nearby Markets to Washington-Chappell Hill, TX

What housing markets are near Washington-Chappell Hill, TX?